Cover StoryOpinionPerspective

Wole Olanipekun and the Cartography of Compassion

5 Mins read

 

By abiodun KOMOLAFE

Salus populi suprema lex esto”                  – Cicero

The commissioning of The Wole Olanipekun Senate Building at the Bamidele Olumilua University of Education, Science and Technology (BOUESTI), Ikere, Ekiti State, last Thursday, has again testified to the power of visionary leadership and the boundless potential of human generosity.

In a world where the pursuit of knowledge is often overshadowed by the pursuit of power and wealth, Wole Olanipekun’s commitment to the ‘civilizing mission’ of education is a breath of fresh air. This iconic Senate Building stands as a beacon of hope and an illuminating path to a brighter future for generations of students, scholars and leaders.

The Wole Olanipekun Senate Building is the latest addition to the legal luminary’s benevolent social interventions. As Pro-Chancellor and Chairman of the Governing Council of the University of Ibadan (2009-2013), he oversaw the expansion of the institution to Ajibode, easing congestion on the main campus. Notably, he donated a 450-capacity Law Auditorium to the Ajibode Campus, setting a precedent for private sector support for public education. The auditorium was commissioned by the then Minister of Education, Professor Ruqquayat Rufai, on November 17, 2012. During Olanipekun’s tenure, the University experienced a transformative era of innovation and growth

As Pro-Chancellor and Chairman of the Governing Council, Ajayi Crowther University (ACU), Oyo (2013–2022), Olanipekun built and donated to the University a magnificent Vice-Chancellor’s Lodge, named Wole and Lara Olanipekun Vice-Chancellor’s Lodge. In January 2023, the proprietors of ACU appointed him as the Chairman of the Board of Trustees, a position he currently holds.

In February 2021, the Asiwaju of Ikere Kingdom was appointed as the pioneer Chancellor of the newly-established BOUESTI, a position he has also held to date. The Senate Building gifted to the University by the former Attorney-General and Commissioner for Justice in the old Ondo State was commissioned last Thursday.

When Ladoke Akintola University of Technology, Ogbomoso (LAUTECH) faced a prolonged crisis, resulting in a two-session closure, the Governors of Oyo and Osun States jointly appointed Olanipekun to lead a panel to resuscitate the institution. He accepted the pro-bono assignment, and the panel was inaugurated on October 28, 2016. In 2017, Olanipekun submitted comprehensive reports to the governors, and the implementation of his panel’s recommendations successfully led to the university’s reopening, with academic activities running smoothly ever since.

On January 19, 2023, Governor Biodun Oyebanji of Ekiti State commissioned an ultra-modern High Court Complex, built and donated by Olanipekun to the Ekiti State High Court, Ikere Judicial Division. Also that year, the 20th President of the Nigerian Bar Association (NBA) and 50th Chairman of the Body of Benchers was appointed as a Visiting Professor of Law Practice by the Federal University, Oye, Ekiti State, making him the first legal practitioner to hold this position in Nigeria.

On June 15, 2024, President Bola Tinubu announced the appointment of this foremost Nigerian citizen, “who can do anything for education”, as the Pro-Chancellor and Chairman of the Governing Council, University of Lagos. Of course, it was a fitting recognition of his stature and influence. Olanipekun and all other members of Governing Councils of Federal Universities and Tertiary Institutions were formally inaugurated on July 4, 2024.

Olanipekun’s philanthropic endeavours have significantly impacted numerous individuals and communities. The Wole Olanipekun Scholarship Scheme (WOSS), established in 1996, has produced over 3,019 beneficiaries across various disciplines, in and outside Nigeria. In 2020, he founded the Wole Olanipekun Foundation (WOF) Empowerment Programme to support vulnerable groups. To date, the Foundation has empowered over 200 widows, 200 aged people and 400 young entrepreneurs, in addition to 600 palliative beneficiaries. His donations to universities and educational institutions continue to demonstrate his commitment to empowering future generations through education.

Described by Oyebanji as “a man loved by God who uses his kindheartedness to serve humanity”, Olanipekun will, today, November 30, 2024, be empowering a new set of Nigerians, marking the 5th edition of his philanthropic initiative. He will also award scholarships to deserving students, the 28th batch of beneficiaries.

Olanipekun’s achievements testify to the power of understated generosity even as his remarkable journey in law serves as a powerful rebuke to a society that often prioritizes profit over principle. In a world where wealth and power often define legacy, individuals like the Rockefellers, Cadburys and Fords have left an indelible mark on society. Their contributions have transcended generations, inspiring future leaders to follow in their footsteps. Olanipekun is a contemporary example of this selfless approach. As a Yoruba man, he draws inspiration from Nigeria’s first lawyer, Christopher Alexander Sapara Williams (1855-1915), Nigeria’s first lawyer who believed that “a lawyer lives for the direction of his people and the achievement of the cause of his country.”

This ‘Pride of Ekiti’ also continues the tradition of great lawyers like Sir Adeyemo Alakija, who saw the law as a tool for social progress and human upliftment. This wave of progressive thinking was ignited on August 7, 1925, with the foundation of the West African Students Union (WASU) by a group of 21 students – predominantly from Nigeria – in London, led by Ladipo Solanke and Dr. Herbert Bankole-Bright, a Sierra Leonean physician. Thankfully, the torch has been passed down through generations of lawyers, including superb advocates like Obafemi Awolowo, Rotimi Williams, Bode Thomas, Adegoke Adelabu and Ladoke Akintola. As fate would have it, Olanipekun’s receipt of this torch marked the beginning of a remarkable legacy, one that he has exemplary passed on, cementing a worthwhile tradition.

In the words of the great philosopher, Aristotle, “We are what we repeatedly do. Excellence, then, is not an act, but a habit.” Olanipekun embodies the ethos of excellence and the quintessence of a great Nigerian. As a legal luminary, this selfless benefactor and inspirational figure has navigated the complexities of Nigeria’s socio-political landscape with remarkable agility, earning the esteem and admiration of his peers and the gratitude of countless individuals whose lives have been positively impacted by his selfless interventions. As a philanthropist, his concern of passion, born of a deep sense of empathy and compassion, has also brought solace and relief to numerous individuals and communities, reinforcing his reputation as a leader of unimpeachable character and untiring integrity.

Well, critics may have argued that Olanipekun’s initiatives lacked clear metrics for success or adequate oversight. Some may also have been of the opinion that his service to humanity has potentially undermined their effectiveness and legitimacy. Another potential criticism is that of elitism and disconnect from ordinary Nigerians. Others may question the long-term impact of his philanthropy or whether it addresses the root causes of poverty and inequality in Nigeria, and among Nigerians. As a lawyer and former NBA president, Olanipekun likely faced criticism for potential conflicts of interest, impartiality and perpetuating a flawed legal system. His commitment to promoting education and social justice may also have created tensions with traditional power structures or cultural norms.

In the light of reality, philanthropic efforts often face criticism, and Olanipekun’s initiatives are no exception. Experts emphasize the importance of strategic giving, transparency and accountability in philanthropy. While it is natural to expect scrutiny, philosophers like Aristotle and Immanuel Kant remind us that cultivating virtues and moral principles is more important than seeking to please everyone – a Sisyphean task doomed to fail. By acknowledging these complexities, we can better understand Olanipekun’s initiatives and the philanthropic landscape in Nigeria. His example inspires us to strive for virtue, even if we can’t please everyone.

May the Lamb of God, who takes away the sin of the world, grant us peace in Nigeria!

  • ijebujesa@yahoo.co.uk;
  • 08098614418 – SMS only.

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
Articles
Related posts
Abuja FileDevelopmentEconomyEnergyFinanceInside LagosOpinionPerspective

The Missing Middle of Infrastructure Finance: Why Capital Still Fails to Become Infrastructure

6 Mins read
  By Chidi Nwafor  In October 2023, a Gulf sovereign wealth fund quietly closed a $2 billion allocation to global infrastructure, earmarked in part for emerging-market energy and transport assets. The announcement drew the usual applause: another sign, commentators said, that institutional capital was finally waking up to the infrastructure opportunity in the Global South. Eighteen months later, less than a tenth of that allocation had actually left the fund’s balance sheet. Not because the mandate had changed. Not because the fund had lost appetite. According to two people familiar with the portfolio, the constraint was simpler and more uncomfortable: there were not enough investable projects to put the money into. This is not a story about a reluctant investor. It is a story about capital that wants to move, cannot find enough places willing and able to receive it in a form it can underwrite, and quietly waits instead. Multiply that fund by the hundreds of pension schemes, sovereign wealth vehicles, commercial banks and infrastructure funds now carrying dedicated allocations for emerging-market infrastructure, and a pattern emerges that rarely makes it into a headline: the world is not short of capital for infrastructure. It has capital in historic abundance, sitting adjacent to a historic infrastructure gap, unable to cross the distance between the two. The Comfortable Explanation  The explanation on offer at every major infrastructure summit is a familiar one. Global infrastructure investment needs run into the tens of trillions of dollars over the coming decade; committed capital falls well short; therefore, the problem is one of insufficient funding, and the solution is more of it: more pledges, more blended-finance facilities, more climate funds, more multilateral capital increases. It is a comfortable explanation because it assigns responsibility clearly to governments who under-fund, institutions who under-commit, and it offers a clean remedy: raise more. It is also, on close inspection, not what the evidence shows. Pension funds globally hold trillions in assets under management with explicit infrastructure allocations that remain structurally underweight, not because trustees have rejected the asset class but because deal flow meeting their risk and governance thresholds has not materialised at the pace their mandates assume. Sovereign wealth funds report the same pattern. Commercial banks with dedicated project finance desks describe pipelines that look full at the term-sheet stage and thin dramatically by financial close. Development finance institutions, whose entire purpose is to absorb risk that commercial capital will not, routinely report that their binding constraint is not capital adequacy but the volume of bankable transactions their teams can originate and structure in a given year. None of this fits the scarcity narrative. All of it fits a different one. Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. Each of these is ordinary project finance discipline. None of it is exotic, and in mature infrastructure markets it happens as a matter of course, absorbed into systems built over decades: specialist advisers, standard-form contracts, established procurement norms, deep pools of transaction expertise. What is missing in the markets where the infrastructure gap is largest is not the standard itself but the machinery that meets it. Projects arrive at investment committees with ambition intact and preparation incomplete, and that gap is treated, again and again, as an individual project’s failure rather than what it actually is: a structural absence in the systems responsible for producing investable transactions at scale. The Missing Middle  This is the Missing Middle of Infrastructure Finance: the institutional architecture that sits between capital that wants to move and infrastructure that needs building, and whose incompleteness explains far more of the global infrastructure gap than any shortfall in committed funds. It consists of project preparation facilities able to fund feasibility and structuring work before commercial viability has been proven. Transaction advisers capable of building deals that satisfy development mandates and commercial return thresholds at once, rather than treating the two as separate constituencies to be managed sequentially. Risk-sharing and guarantee instruments that convert political, regulatory and currency risk into something a commercial balance sheet can underwrite. Aggregation platforms that bundle smaller, individually sub-scale projects into portfolios large enough to justify institutional transaction costs. Standardised documentation that reduces the bespoke legal cost of every new deal. And coordination across ministries, regulators and financiers robust enough that a technically sound project does not die in bureaucratic sequencing after the money has already been found. None of these are new ideas in isolation. What is missing is their assembly into a coherent system, deliberately funded and institutionally accountable, rather than scattered across donor-funded pilots that end when the grant does. The African Dimension  Africa makes this dynamic unusually visible, and consequently offers an unusually clear opportunity to correct it. The continent’s infrastructure financing need, by any measure, is vast. Less understood is that the shortfall is disproportionately one of preparation rather than capital. Nigerian gas-to-power, off-grid solar and mini-grid developers have each demonstrated that individual projects can clear the bankability bar; what has not emerged is systemic pipeline scale, a steady stream of comparably prepared projects large enough to absorb the capital already circling the sector. The pattern repeats, with local variation, from grid infrastructure in East Africa to transport corridors in West Africa. Interested capital is rarely the scarce input. Investment-ready projects are. The Global Comparison  Mature markets solved this problem gradually and mostly invisibly, through decades of institution-building that predates the current infrastructure conversation: specialist project finance units inside banks, standardised PPP frameworks, established regulatory playbooks, deep benches of transaction lawyers and engineers who move between deals rather than between one-off assignments. Emerging and frontier markets are not being asked to meet a lower standard. They are being asked to meet the same standard without having built the same machinery, and then being told, when deals fail to close, that the problem is insufficient funding….
Cover StoryNewsSports

Union Bank, AIICO Multishield, Checkers Custard, Others Back 5th Cycling Lagos

2 Mins read
Union Bank of Nigeria Plc, AIICO Multishield, Checkers Custard and other corporate organisations have thrown their weight behind the 5th Cycling Lagos,…
Abuja FileAll The NewsCover StoryEducationEntrepreneurshipFeaturesNews

2026/2027 Admission Begins @ AAT University: Where Modern Facilities, Academic Excellence and Global Citizenship Meet

7 Mins read
Why Abdulrasaq Abubakar Toyin University is emerging as a compelling destination for the next generation of Nigerian undergraduates By Abdulrahman Aliagan For…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com